fxstreet.com 23 Feb, 2021 17:00 am

Increase in spending unlikely to lead to persistent inflation

Increase in spending unlikely to lead to persistent inflation
FOMC Chairman Jerome Powell is delivering his remarks on the state of the economy and the policy outlook at the semi-annual testimony before the Senat

" "Does not seem likely that an increase in spending would lead to large or persistent inflation." "We don't see how a burst in fiscal support or spending would lead to high inflation.Key quotes "Monetary policy is a broad tool, can't specifically target low-wage workers and minority workers.FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.

It also does not guarantee that this information is of a timely nature." "Over time, growth of balance sheet will slow but asset purchases will continue until substantial further progress seen.

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